Oil prices have increased on Tuesday marked the previous day losses slightly. In the Morning, a Barrel (159 litres) cost of North sea Brent crude oil 64,64 US Dollar. That was 12 cents less than on Monday evening. The price of a Barrel of the us variety of West Texas Intermediate (WTI) fell 27 cents to 55,21 dollars.
On Monday reacted to the Oil prices with sharp losses on renewed criticism of U.S. President Donald Trump on the pricing strategy of the oil cartel Opec. Trump had tweeted that the Oil prices should have increased strongly and the Opec relax””.
Oil prices getting too high. OPEC, please relax and take it easy. The World cannot take a price hike – fragile!
— Donald J. Trump (@realDonaldTrump) February 25, 2019
Since January, the Opec and ally, the producers such as Russia have reduced their funding significantly. This was a response to a severe oil price collapse last autumn, which followed a looser line for the United States to customers of Iranian crude oil.
Only a few weeks earlier, Trump had asked the leading Opec state Saudi Arabia to increase its crude oil production – which he did. Some market observers hold it against this Background, it is unlikely that Saudi Arabia or Opec could respond to new demands Trumps. (Dec/sda)
Created: 26.02.2019, 09:40 PM
